After paying $5,000 for the option to buy a commercial property, the buyer decides to exercise the

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After paying $5,000 for the option to buy a commercial property, the buyer decides to exercise the option. What happens to the $5,000? Seller adds the $5,000 to the selling expenses Buyer subtracts \$5.000 from the purchase price Seller reports the $5,000 as ordinary income. Buyer adds the $5,000 to the purchase price

Posted Date: May 18, 2024 09:09 PM

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After paying $5,000 for the option to buy a commercial property, the buyer decides to exercise the

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